Friday, 27 November 2015
Last updated 1 day ago
Mar 1 2012 | 11:55am ET
Canada's Waratah Advisors is looking beyond that country's borders with the launch of a pair of offshore funds.
The Toronto-based firm unveiled the offshore versions of its Waratah One and Waratah Performance funds last month. Both employ market-neutral strategies, with Performance having a more concentrated portfolio; the funds returned 5.8% and 5.6%, respectively, last year.
The US$300 million firm elected to create offshore funds to run concurrently with the existing products in response to demand from outside Canada, HFMWeek reports. The funds launched with US$50 million in initial assets, including capital from a large institutional investor in New York.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…